Allocation of Distributions: How Your Business Documents Control Who Gets Paid (and When)
When Texas entrepreneurs form a business, their focus is often on getting the venture off the ground. They want to find clients, develop products or services, and build revenue. However, one of the most important issues tends to get less attention: how profits and losses are allocated and how distributions are made among the owners. […]
Understanding Business Litigation (and Why to Avoid It)
No business owner sets out hoping to get sued or wanting to sue someone else. Unfortunately, potential litigation is a reality of doing business. Whether it’s a dispute over a contract, a disagreement between partners, or a claim from a former employee, legal conflicts can quickly escalate and become costly. That’s why understanding litigation (and […]
So You’re Starting a Business: Know Your Structure Options
Opening your own business is an exciting and courageous move. But before you launch the website or start printing business cards, let’s think about how the business is built. After all, you wouldn’t build a house without a frame! Here in Texas, entrepreneurs have several options. Each of them comes with its own pros, cons, […]
What Exactly Is Business Planning? The Guide You Didn’t Know You Needed
As an attorney who works with both families and businesses, I often meet entrepreneurs with bold ideas, clear visions, and a strong drive. These are things that every business owner needs in order to succeed. However, they aren’t the only things necessary. One big part of the equation that many of them lack is a […]